China will issue a circular soon to further regulate the reform of state-owned-enterprises (SOEs) under the central government and the transfer of state-owned property rights.
This was revealed Thursday by a press release for a news conference on the reform of the state-owned assets management system and the central SOEs, held by the Information Office of the State Council.
The circular will mainly address problems emerging in the reform process of central SOEs, according to the press release.
In the past year, China has issued a series of laws and regulations on the supervision and management of state-owned assets, improved the SOEs' operational performance assessment system and promoted the work of publicly enrolling managers for SOEs.
The State-Owned Assets Supervision and Administration Commission under the State Council, China's state-owned assets watchdog, released two important documents this year, namely the Interim Rules on MBO (management buyout) of State-owned Property Rights of Enterprise and the Interim Measures on the management of Evaluating the State-owned Assets of Enterprise.
The commission this year also helped 25 SOEs of the central government complete the work of publically enrolling senior managers from both home and abroad.
(Xinhua News Agency December 22, 2005)
